Monday 25 August 2014

Genus Powe surges on zooms on plan to disinvest its Home & Industrial Products business

BSE Code :                    530343
Face Value:                   Rs 1.00
Group :                       BSE 'B'
Shareholding pattern :
 (a)Promoters               50.49%
 (b)Institutions              0.11%
 (c)Non-Institutions       49.40.%  
One year High-Low        Rs 33.00 - Rs 9.02



     Genus Power Infrastructures has received an approval to transfer/sell/dispose of company's Home & Industrial Products (HIP) business, subject to approval of members and other regulatory authorities, if any. The board of directors at its meeting held on August 21, 2014 has approved for the same.
     Genus Power Infrastructures is engaged in the manufacturing and distribution of electronic energy meter, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
     Home & Industrial Products is engaged in manufacturing of a complete range of Inverters/UPS, Solar PCU and Batteries.
     Genus Power Infrastructures is currently trading at Rs 29.25, up by 0.60 from its previous closing of Rs 28.65 on the BSE.



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